Daily Archives: September 24, 2021, 9:04 am

SEC Charges World’s Largest Advertising Group with FCPA Violations

According to the SEC’s order, WPP implemented an aggressive business growth strategy that included acquiring majority interests in many localized advertising agencies in high-risk markets. The order finds that WPP failed to ensure that these subsidiaries implemented WPP’s internal accounting controls and compliance policies, instead allowing the founders and CEOs of the acquired entities to exercise wide autonomy and outsized…

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